Shares of Tree.com Inc. (NASDAQ:TREE) dropped 4.5% during mid-day trading on Wednesday . The stock traded as low as $96.28 and last traded at $96.52, with a volume of 228,714 shares trading hands. The stock had previously closed at $101.03.

TREE has been the subject of several analyst reports. Vetr upgraded shares of Tree.com from a “buy” rating to a “strong-buy” rating and set a $118.86 price target for the company in a research report on Wednesday, August 17th. Zacks Investment Research upgraded shares of Tree.com from a “sell” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Thursday, August 4th. Compass Point upped their price target on shares of Tree.com from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 29th. RBC Capital Markets restated a “buy” rating and set a $150.00 price target on shares of Tree.com in a research report on Thursday, July 28th. Finally, Bank of America Corp. restated a “buy” rating and set a $115.00 price target on shares of Tree.com in a research report on Friday, May 27th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $129.30.

The company has a market capitalization of $1.14 billion and a P/E ratio of 23.93. The stock has a 50-day moving average price of $102.95 and a 200-day moving average price of $89.93.

Tree.com (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.20. The company earned $94.30 million during the quarter, compared to the consensus estimate of $95.48 million. The business’s revenue was up 71.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share. On average, analysts anticipate that Tree.com Inc. will post $3.29 EPS for the current year.

In other Tree.com news, COO Nikul Patel sold 2,500 shares of Tree.com stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $88.17, for a total value of $220,425.00. Following the sale, the chief operating officer now directly owns 30,500 shares in the company, valued at approximately $2,689,185. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

A hedge fund recently bought a new stake in Tree.com stock. Bank of Montreal Can bought a new position in Tree.com Inc. (NASDAQ:TREE) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor bought 166,841 shares of the company’s stock, valued at approximately $14,896,000. Bank of Montreal Can owned about 1.45% of Tree.com as of its most recent filing with the SEC.

LendingTree, Inc (LendingTree), formerly Tree.com, Inc, is engaged in operating an online loan marketplace for consumers. The Company offers a range of loan types and other credit-based offerings for its consumers. The Company operates through Lending activities segment. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans and small business loans, and other related offerings.

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